Average Loan Officer Salary in Canada

The line graph shows Loan Officer salary in Canada on an annual basis. In this graph specifically, it is indicated that as the years of experience increases, so does their wages.

For Loan Officer working less than a year in a company, you notice that their annual salary starts around $41,995.52.

As the years of experience reaches 1 to 4, there is a significant increase of $627.94 which would give a total wage of CAD42,623.46.

Once the experience reaches 5-9 years Loan Officer salary would increase again to a total of $50,977.52, adding $8,354.06 from the last salary increase.

After reaching the 10-19 year experience in their career, decrease in salary is noted to a total of $48,859.04.

The bar graph data indicates the importance of specific skills which can have a direct impact on Loan Officer's salary. It clearly highlights the skills needed for a post of Loan Officer when hired by an employer.

The most vital skill expected of Loan Officer is Commercial Loans which impacts the most than the rest of the skills indicated with a staggering 23% comparatively. Therefore, one’s salary would greatly depend on their skills in Commercial Loans.

The skill least likely to affect one’s pay would be Customer Service with 2%. It can be said that Customer Service skill will unlikely impact the salary.

This combination of a line and the bar graph shows how the experience affects the salary of Loan Officer. Companies are considering factors like training and education directly affecting the salary offered to you as an employee. The line graph shows the salary increment with the increase in experience whereas the bar graph shows the comparision of how the salary is getting affected based on experience level.

As shown in the trends, lowest earning is $41,188.00 whereas the highest earning is $51,832.00 which clearly shows the salary increases with the level of expertise.

Mid Carrer person will earn the maximum salary of $51,832.00 at 12%. So to summerize, Entry Level earns 11% less than the average salary, Early Career earns 6% less than the average salary, Mid Carrer earns 12% more than the average salary, Late Career earns 6% more than the average salary.